GroundRules
28-11-206: Liability upon guaranty of conditional obligation -- notice of default.
Where this section sits in the code
- TITLE 28. CONTRACTS AND OTHER OBLIGATIONS
- CHAPTER 11. GUARANTY, INDEMNITY, AND SURETYSHIP
- Part 2. Guaranty -- Liability and Exoneration of Guarantor
If a person guarantees a conditional obligation, the person's liability is commensurate with that of the principal and the person is not entitled to notice of the default of the principal unless the person is unable, by the exercise of reasonable diligence, to acquire information of the default and the creditor has actual notice of the default.
Collected 2026-09-14T04:50:47Z. Source file · JSON